Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Rs. 44.5 million fraud at Lanka Canneries is being investigated by CID
Tue, Feb 12, 2013, 12:10 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 11, Colombo: A financial fraud that has taken place at the Lanka Canneries to the tune of Rs. 44.5 million is being investigated by the Criminal Investigations Department (CID) of police, the company authorities said.

Hunter & Company, the parent company of Lanka Canneries, informed the Colombo Stock Exchange (CSE) that a forensic audit performed by the KPMG has discovered the fraud amounting to Rs. 44.5 million.

Lanka Canneries is in the process of making a complaint to the CID and will take action against those responsible, the statement said. It added that every effort will be taken to recover the funds misappropriated.

Lanka Canneries, the former Marketing Department, establishment is a 90% owned subsidiary of Health & Company which in turn is a 90.9% subsidiary Hunter & Company.



ColomboPage - Recent 10 Stories
Ministerial Committee appointed to resolve Railway workers' issues
-- [1 hour and 25 minutes ago]
President opens multi-storey Specialist Centre at Nawaloka Hospital
-- [1 hour and 43 minutes ago]
Malaysian Prime Minister to visit Sri Lanka on December 17
-- [2 hours ago]
Indian Air Force Chief calls on Sri Lanka Prime Minister
-- [2 hours ago]
Appeal against the acquittal of suspects in TNA MP's murder to be heard on February 16
-- [8 hours ago]
SriLankan Airlines wins another award at the World Travel Awards World Ceremony
-- [9 hours ago]
Prime Minister stresses need to promote Sri Lankan products
-- [9 hours ago]
UNICEF report finds a major disparity in internet access between girls and boys in Sri Lanka
Singer Sri Lanka inks partnership with Pan Asia Bank
Sri Lanka Navy arrest 27 Tamil Nadu fishermen for poaching in Sri Lankan waters

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.